So it can be in Hypersupply today but it does not mean it will go down to Recession stage.

If you think back to the recent "Great Recession" the middle class took a wallop, but lower-income employees truly took the beating.

Why do prices typically rise during recessions even though demand drops?

Advertisement: I use Kijiji (I always make sure to boost my ad for a week) and Facebook MarketplaceRental Qualifications:-650 credit score-3x Income-Stable Job (recession proof jobs are a bonus)-Previous references-No PetsQuick Brandon Turner screening tip: look at the condition of the prospect's car (e.g., is it clean inside?)

We believe the next 24months will be worst off compared to 2008 recession. 

I define over extended that a scenario such as the Great Recession (GR) that had many markets suffer large RE price declines and increased vacancy/lower rent would cause you to either sell or default. 

But to provide some context, during the last recession (2008) prices in most neighborhoods dropped a total of 10-15%, which is very good compared to other major cities in the US. 

I love the idea and art of making a deal, I love the rewards that it can bring, and I have the patience to out wait a recession and build value to my future properties. so..How many people have actually become successful in Real Estate?

I plan to go through each property individually, providing before and after pictures and the success and failures of each property.I would like to start with my first flip in the Loch Raven area of 21239:Brick row home, 1200 sqft, 3 beds/ 1.5 bathPurchase price: $50,000.00Estimated rehab costs: $40,000.00Estimated ARV: $150,000.00Actual Rehab costs: $45,109.94Sale price: $145,000.00Profit: $30,389.34Pre-Rehab Photos:Repairs Completed:Replaced baseboard heating system with complete HVAC system and ductwork throughout the houseComplete kitchen rehab to include granite and all refurbished SS appliancesComplete 2nd floor bathroom rehabPainted entire houseRefinished hardwood floors to a darker colorInstalled all new ceiling fans Replaced all windows and doorsComplete gut and rehab of basement(realized after purchase black mold covered 90% of the basement framing) to include recessed lighting and all new carpetRehab of basement half bathRemoved shingles and replaced with new siding on the shed with electricity.

Also be advised many agents simply won't work with wholesalers who are looking to shot gun offers out there ... that tactic worked 6 to 8 years ago.. but in todays market at least in the markets your looking at its kind of a sellers market.. so need to adjust for that.I know when I ran my brokerages I would get agents all the time coming to me saying they just met someone who can buy as many homes as they can put in front of them.. only to find out they basically were starting out and or wanted to low ball each offer etc etc.Best way to do this if you want to do it.. is simply YOU get licensed then hire an assistant to write docusign contracts one after another.I was at a guru event were the flipping Vegas folks got on stage. and that was his big advice.. when asked how he does it.. he said I make 50 offers a week at least... and I Just take one contract and photo copy it and paste in the address and offer price.. that may have worked back in the depths of the recession or it will work in the hood... but other than that pretty tough go really.